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Annuity
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0:29
YouTube
Cardinal Advisors
Do You Really Need an Annuity? How to Use Annuities in Financial Planning #Annuities
Stop buying products and start building a plan. In this video, we break down why we prioritize purpose over products and how annuities serve as a specific tool—only when the plan calls for it. The Philosophy: Financial planning should always precede product selection. The Role of Annuities: They are a tool to accomplish specific financial ...
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What is an annuity and how does an annuity work? Let’s break it down in a simple, friendly way 👇 An annuity is a way of turning your pension pot into a guaranteed income for life. Once you reach pension access age, you can use some or all of your pension to buy an annuity from an insurance company. In return, they promise to pay you a regular income, usually for the rest of your life. Here’s how it works. First, you can normally take up to 25% of your pension as tax-free cash. The remaining mon
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